Crypto

Donald Trump Claims Crypto Is Dangerous Yet Lauds Melania NFT Project

non-fungible token (NFT)

Former President of the United States of America, Donald Trump claims that cryptocurrency is dangerous, yet lauds Melania Trump’s NFT project.

Donald Trump, the former US president, continues to criticize cryptocurrencies. He did, however, commend his wife’s venture into non-fungible tokens (NFTs).

Former US President Donald Trump is a vocal opponent of cryptocurrencies, as he has previously stated. The US Dollar is the only money he desires.

Trump has been a vocal opponent of cryptocurrencies for some time, and his stance is unlikely to change anytime soon. Even while Melania Trump, the former First Lady of the United States of America, has become more open to the idea of NFTs and digital assets, her husband continues to believe that cryptocurrencies are hazardous.

Donald Trump on Crypto: “I’m still not a big fan,” he says.

Donald Trump stated in a recent interview with Fox Business that he has never liked Bitcoin or other digital currencies.

Trump, like many other opponents and skeptics, didn’t go into great detail to explain why he believes investing in those assets is risky. “, he explained.

“I’ve never liked it since I liked the Dollar.” The dollar, in my opinion, should be the currency. As a result, I’ve never been a big admirer. However, it’s getting bigger and bigger. Nothing is being done about it. I don’t want to deal with all of these other issues (cryptocurrencies). Someday, there could be a massive explosion like we’ve never seen before. It will make the big tech boom appear like child’s play. I believe it is a really dangerous situation.”

Trump may have avoided dipping into the swiftly developing sector, but his partner, Melania Trump, has taken a different route.

Related:  What Is Blockchain and How Does It Work?

The former US First Lady had already announced the launch of her NFT platform on the Solana blockchain. Melania Trump’s debut into the field has sparked a flurry of debates and conversations, but despite his reservations, Trump praised his wife’s NFT efforts.

The dollar functions as a fulcrum

The US Dollar is important to Trump, and he has been extremely vocal about it since becoming President of the United States of America.

He earlier indicated in another interview that the United States should exercise caution when it comes to BTC, citing China as the cause. He had previously stated as President that he does not consider BTC to be money, citing its significant volatility. It was at this point that he uttered the now-famous “based on thin air” remark. In the same speech, he stated that unregulated cryptocurrency can facilitate illegal behavior and activity.

When it comes to global financial infrastructure, Trump has referenced the dollar’s credibility, stating that he does not want alternative currencies to surface, harming or humiliating the greenback in any way.

The Author

Samuel Adeshina

Samuel is a financial reporter whose interests include blockchain, market, business, insurance, and Crypto to provide relevant information to all interested.